Alternative medicine

Global Complementary and Alternative Medicine Market Overview to 2027

DUBLIN, June 10, 2022 /PRNewswire/ — The “Complementary and Alternative Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from offer.

The global complementary and alternative medicine market has reached a value of US$100.04 billion in 2021. Going forward, the market is expected to reach US$315.5 billion by 2027, posting a CAGR of 20.8% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Complementary and alternative medicine (CAM) refers to medical products and practices that are not considered part of conventional or standard medical treatment. It includes a combination of self-administered products and activities, such as herbal remedies, homeopathic remedies, dietary supplements and yoga, with chiropractic care, massage therapy and acupuncture. It also includes manipulative and body-based practices, biofield therapy, and entire medical systems. Currently, CAM is widely used to treat people with cancer and alleviate common side effects like nausea, pain, and fatigue.

Growing consumer preferences for natural products and alternative therapies represent one of the major factors driving the demand for PCMs globally. Moreover, as it brings comfort and reduces stress to patients, CAM is increasingly being adopted in the diagnosis and prevention of various medical conditions. The growing prevalence of chronic diseases, along with the growing geriatric population, is positively influencing the market.

Additionally, due to its growing popularity, several health insurance companies are offering CAM coverage in their medical plans, which is helping the market grow. Apart from this, government agencies in many countries are focusing on promoting medical tourism, which is fueling the demand for CAM globally. Additionally, there is a significant increase in the need for natural or alternative medicines to treat patients with coronavirus disease (COVID-19). This, in turn, is expected to promote the use of CAM and provide lucrative opportunities for market players to expand their reach among consumers.

Competitive landscape

The competitive landscape of the industry has also been reviewed along with the profiles of major players i.e. Ayush Ayurvedic Pte Ltd., Columbia Nutritional LLC, Helio UNITED STATES Inc., Herb Pharm LLC, Herbal Hills, Nature’s Bounty, Nordic Naturals, Pure Encapsulations LLC (Nestle SA), Quantum-Touch, The Healing Company Ltd. and Unity Woods Yoga Center.

Key questions answered by this report

  • How has the global complementary and alternative medicine market behaved so far and how will it behave in the coming years?
  • What has been the impact of COVID-19 on the Global Complementary and Alternative Medicine Market?
  • What are the main regional markets?
  • What is the market breakdown by type?
  • What is the breakdown of the market according to the indications of the disease?
  • What is the market breakdown by distribution channel?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global complementary and alternative medicine market and who are the key players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Complementary and Alternative Medicine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Type
6.1 Traditional alternative medicine therapy
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Body therapy
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Diet and herbal therapy
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Energy healing therapy
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Mental therapy
6.5.1 Market trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market trends
6.6.2 Market Forecast

7 Market Breakdown by Disease Indication
7.1 Arthritis
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Cancer
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Asthma
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Diabetes
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Cardiology
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Neurology
7.6.1 Market trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market trends
7.7.2 Market Forecast

8 Market Breakdown by Distribution Channel
8.1 Clinics/specialized centers
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Matching distances
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Direct Sales
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Online sales
8.4.1 Market trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market trends
8.5.2 Market Forecast

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive Landscape
14.1 Market structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Ayush Ayurvedic Pte Ltd. Company Overview Product portfolio
14.3.2 Columbia Nutritional LLC Presentation of the company Product portfolio
14.3.3 Helio UNITED STATES Inc. Company Overview Product portfolio
14.3.4 Herb Pharm LLC Company Overview Product portfolio
14.3.5 Grass hills Company Overview Product portfolio
14.3.6 The bounty of nature Company Overview Product portfolio
14.3.7 Nordic naturals Company Overview Product portfolio
14.3.8 Pure Encapsulations LLC (Nestlé SA) Company Overview Product portfolio
14.3.9 Quantum Touch Company Overview Product portfolio
14.3.10 The Healing Company Ltd. Company Overview Product portfolio
14.3.11 Unity Woods Yoga Center Company Overview Product portfolio

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